FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR- 27549
0.87ratio
FMR$1,080
Market$1,240
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR- 27549
0.95ratio
FMR$1,220
Market$1,280
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 27549
0.99ratio
FMR$1,500
Market$1,510
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 27549
1.28ratio
FMR$1,980
Market$1,550
vs market+$430
FMR is above market; underwrite to market rent.
1.28
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Louisburg, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Louisburg, NC is $1,220 a month. That is down 9.6% from $1,350 in FY 2026. Louisburg is in the Raleigh-Cary, NC MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in North Carolina is $1,145, so Louisburg is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Louisburg, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,060
−9.4%
$954–$1,166
1BR
$1,190
$1,080
−9.2%
$972–$1,188
2BR
$1,350
$1,220
−9.6%
$1,098–$1,342
3BR
$1,660
$1,500
−9.6%
$1,350–$1,650
4BR
$2,200
$1,980
−10.0%
$1,782–$2,178
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Louisburg, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,080
$1,220
$1,500
$1,980
FY 2026
$1,170
$1,190
$1,350
$1,660
$2,200
FY 2025
$1,290
$1,320
$1,490
$1,840
$2,440
FY 2024
$1,100
$1,130
$1,280
$1,560
$2,070
FY 2023
$940
$970
$1,110
$1,370
$1,790
Questions about Louisburg, NC rents
How much will Section 8 pay for a two-bedroom in Louisburg, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,220, that basic range is $1,098 to $1,342 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Louisburg, NC in?
Louisburg, NC is in the Raleigh-Cary, NC MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Louisburg, NC for FY 2027?
The two-bedroom FMR fell 9.6%, from $1,350 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 9.9%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set